Latest / The 47 Morning Update with Ben Ferguson
Elizabeth Warren & Dems Cheer — Another EVIL BIG Corp brought down by Socialism
1. Merger Block as the Central Turning Point
JetBlue offered $3.8 billion in cash to acquire Spirit Airlines in 2022.
According to the author, the deal was widely supported by:
Spirit shareholders
Unions
Employees
The DOJ sued to block the merger on antitrust grounds.
A federal judge invalidated the merger in January 2024, which the author frames as the moment Spirit entered a “death spiral.”
3. Argument Against Antitrust Rationale
The merger would not have reduced competition, citing:
The combined JetBlue–Spirit market share would have been ~9%
The “Big Four&rdquo…
The skinny
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